July 30, 2016 1:20 AM ET

Gas Utilities

Company Overview of Société en commandite Gaz Métro

Company Overview

Société en commandite Gaz Métro transports and distributes natural gas in Quebec, in Canada and the northeastern portion of North America. It serves 300 municipalities and approximately 195,000 customers through its network of approximately 10,000 km of underground pipelines. The company also distributes electricity and natural gas to approximately 305,000 customers in Vermont. It is involved in the development and operation of energy projects, such as the production of wind power, the use of natural gas as a transportation fuel, and the development of biomethane as a renewable energy source. Further, it supplies energy products and services; sells, installs, rents, maintains, and repairs na...

1717 du Havre

Montreal, QC H2K 2X3

Canada

Founded in 1957

2,280 Employees

Phone:

514-598-3444

Fax:

514-598-3144

Key Executives for Société en commandite Gaz Métro

Chief Executive Officer of Gaz Métro Inc, President of Gaz Métro Inc, Director of Gaz Métro Inc and Member of Executive Committee
Age: 52
Chief Financial Officer of Gaz Metro Inc and Executive Vice President of Corporate Affairs - Gaz Metro Inc
Vice President of Operations - Gaz Métro Inc
Chief Executive Officer of CDH Solutions & Operations Inc, Chief Executive Officer of Climatisation Et Chauffage Urbains De Montréal SEC, President of CDH Solutions & Operations Inc and President of Climatisation Et Chauffage Urbains DE Montréal SEC
Chief Executive Officer of Vermont Gas Systems Inc and President of Vermont Gas Systems Inc
Compensation as of Fiscal Year 2016.

Société en commandite Gaz Métro Key Developments

Boralex, Gaz Métro Limited and Valener Inc Announce the Closing of a CAD 617.5 Million Refinancing for Seigneurie De Beaupré Wind Farms 2 and 3

Boralex Inc., Gaz Métro Limited Partnership and Valener Inc. announced the closing of a CAD 617.5 million non-recourse refinancing for Seigneurie de Beaupré Wind Farms 2 and 3 General Partnership ("Wind Farms 2 and 3"), which operates two winds farms located 60 km northeast of Québec City on the private property of Séminaire de Québec. Gaz Métro and Valener indirectly hold interests in Wind Farms 2 and 3 through Beaupré Éole General Partnership. Wind Farms 2 and 3 has been covered by 20-year power purchase agreements with Hydro-Québec since the commissioning of its wind farms. The total refinancing amount of CAD 617.5 million, consists of: a CAD 383.4 million uncovered tranche of the term loan expiring in December 2032, representing a CAD 132.3 million increase over the initial tranche and a one year extension of the maturity date; a CAD 192.7 million covered tranche of the term loan expiring in December 2029, representing a CAD 44.5 million decrease and a two year reduction of the maturity date of this tranche; a CAD 41.4 million letter of credit facility. The CAD 192.7 million tranche of the term loan is covered by a guarantee pledged in favour of the lenders by the Federal Republic of Germany through its export credit agency, Euler-Hermes. The group of lenders consists of Bank of Tokyo-Mitsubishi (UFJ), KfW IPEX-Bank, Sumitomo Mitsui Banking Corporation, Mizuho Corporate Bank, AKA Bank, DZ Bank, Laurentian Bank of Canada, Commonwealth Bank of Australia and Crédit Industriel et Commercial. Cosime Infrastructure and Energy and JCRA Canada Inc. acted respectively as financial advisor and hedging advisor on behalf of Wind Farms 2 and 3.

Valener Inc, Société en commandite Gaz Métro, Q2 2016 Earnings Call, May 13, 2016

Valener Inc, Société en commandite Gaz Métro, Q2 2016 Earnings Call, May 13, 2016

Société en commandite Gaz Métro, Valener Inc, Q1 2016 Earnings Call, Feb 12, 2016

Société en commandite Gaz Métro, Valener Inc, Q1 2016 Earnings Call, Feb 12, 2016

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Recent Private Companies Transactions

Type
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Target
Private Placement
September 30, 2015
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